Verfügbarkeit: RandD, innovation, and Economic Growth

RandD, innovation, and Economic Growth: An Empirical Analysis

This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data technique...

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1. Verfasser:	Ulku, Hulya (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2004
Schriftenreihe:	IMF Working Papers Working Paper No. 04/185
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and uses patent and R&D data for 20 OECD and 10 Non-OECD countries for the period 1981-97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non-OECD countries, while the effect of R&D stock on innovation is significant only in the OECD countries with large markets. Although these results provide support for endogenous growth models, there is no evidence for constant returns to innovation in terms of R&D, implying that innovation does not lead to permanent increases in economic growth. However, these results do not necessarily suggest a rejection of R&D based growth models, given that neither patent nor R&D data capture the full range of innovation and R&D activities
Beschreibung:	1 Online-Ressource (36 p)
ISBN:	1451859449 9781451859447

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spelling	Ulku, Hulya Verfasser aut RandD, innovation, and Economic Growth An Empirical Analysis Ulku, Hulya Washington, D.C International Monetary Fund 2004 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/185 This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R&D. The analysis employs various panel data techniques and uses patent and R&D data for 20 OECD and 10 Non-OECD countries for the period 1981-97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non-OECD countries, while the effect of R&D stock on innovation is significant only in the OECD countries with large markets. Although these results provide support for endogenous growth models, there is no evidence for constant returns to innovation in terms of R&D, implying that innovation does not lead to permanent increases in economic growth. However, these results do not necessarily suggest a rejection of R&D based growth models, given that neither patent nor R&D data capture the full range of innovation and R&D activities Online-Ausg http://elibrary.imf.org/view/IMF001/05528-9781451859447/05528-9781451859447/05528-9781451859447.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Ulku, Hulya RandD, innovation, and Economic Growth An Empirical Analysis
title	RandD, innovation, and Economic Growth An Empirical Analysis
title_auth	RandD, innovation, and Economic Growth An Empirical Analysis
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title_full	RandD, innovation, and Economic Growth An Empirical Analysis Ulku, Hulya
title_fullStr	RandD, innovation, and Economic Growth An Empirical Analysis Ulku, Hulya
title_full_unstemmed	RandD, innovation, and Economic Growth An Empirical Analysis Ulku, Hulya
title_short	RandD, innovation, and Economic Growth
title_sort	randd innovation and economic growth an empirical analysis
title_sub	An Empirical Analysis
url	http://elibrary.imf.org/view/IMF001/05528-9781451859447/05528-9781451859447/05528-9781451859447.xml
work_keys_str_mv	AT ulkuhulya randdinnovationandeconomicgrowthanempiricalanalysis

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